Platus

Platus is a company based in Munich that wants to make legal services better for small and medium-sized businesses. They use AI and automation to make legal tasks easier and more affordable. The company was started by Alexander Sporenberg and Felix Gerlach, who know a lot about legal and compliance tech.

Platus offers a complete legal solution with tools to handle and automate legal tasks.

Key Features

Instant Online Notarization Platus lets users notarize documents across different places within 1 to 24 hours. This feature works with various documents like Powers of Attorney, Trust Certifications, and Apostilles.
Notarization & eSignatures via API Users can keep control of their customer relationships while allowing compliant document notarization and signing. The platform now includes AI powered signature field detection.
Automation with Workflows Users can pick from predefined playbooks or create their own workflows to automate internal or external legal processes.
AI Driven Document Intelligence Platus provides detailed insights from a company''s legal documents.
AI Powered Chat Assistant This feature engages users in simple interactions to answer questions.
Knowledge Base Integration Users can access all company documents, cases, and templates in one place.
Document Review Tools These tools help review contracts and legal documents quickly and effectively.
Internal Template Library Pre built templates save time and effort in document creation.
Customizable AI Agents Users can adjust AI assistants according to specific legal needs.
User Friendly Interface The interface is designed with easy navigation to suit legal experts.

Benefits

Using Platus offers several benefits.

Increased Efficiency Users can save time on routine legal tasks.
Enhanced Accuracy The platform reduces the risk of errors in legal documents.
Cost Effective Solutions Platus is especially beneficial for smaller firms or solo practitioners looking to cut costs.
Improved Collaboration Team members can work together more effectively using shared resources.

Use Cases

Platus is particularly useful for SMEs that need to streamline their legal processes. The platform addresses the challenges of traditional legal services, which are often time consuming and costly. In Germany, notarizations typically take hours at a notary''s office, and in the US, legal help can cost between $200 $400 per hour, with complex cases exceeding $10,000. Platus offers a more efficient and affordable alternative.

Cost Price

Platus offers a free plan with basic features and limited document access. For full access to all features, including custom AI agents and enhanced document review, pricing is available upon request.

Funding

With the support of Y Combinator, Platus is planning rapid expansion in Europe and the USA. The startup is already one of the fastest growing companies in the Fall Batch 2024 and has acquired international customers. Platus will present at the Y Combinator Demo Day on December 4, 2024, to secure further funding.

Reviews Testimonials

Platus is one of the fastest growing companies in the Fall Batch 2024 and has acquired international customers.